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Increasing TPLF and Securities Class Actions Heighten Insurer Risks

Increasing TPLF and Securities Class Actions Heighten Insurer Risks

Rising settlements and third-party litigation funding (TPLF) trends drive higher risks and costs for insurers, impacting policyholders and consumer prices.
June 10, 2024 Fraud Insurance Industry Litigation Risk Management

Reddit Adjusters Discuss Declining Storm Coverage Trends

Reddit Adjusters Discuss Declining Storm Coverage Trends

Insurance professionals on Reddit discuss how carriers are reducing storm damage coverage, impacting policies and the job market for adjusters.
June 7, 2024 Catastrophe Litigation Property Risk Management California Florida

North Carolina Insurance Agent Faces 74 Felony Charges for Identity Theft and Forgery

North Carolina Insurance Agent Faces 74 Felony Charges for Identity Theft and Forgery

A licensed insurance agent from Nash County has been charged with 74 felony counts, including identity theft and forgery, after allegedly forging life insurance applications to obtain funds illegally.
June 7, 2024 Fraud Insurance Industry Life & Health Litigation North Carolina

Netflix Faces $170 Million Defamation Lawsuit Over Baby Reindeer Series

Netflix Faces $170 Million Defamation Lawsuit Over Baby Reindeer Series

Netflix is being sued for $170 million by a woman claiming to be the inspiration for a character in the series Baby Reindeer, alleging defamation and emotional distress.
June 7, 2024 Legislation & Regulation Liability Litigation California

Florida Court Rules Retailers Not Liable for Injuries Caused by Fleeing Shoplifters

Florida Court Rules Retailers Not Liable for Injuries Caused by Fleeing Shoplifters

Florida's Fifth District Court of Appeals rules that retailers like Wal-Mart have no duty to protect patrons from fleeing shoplifters, affirming summary judgment in a negligence case.
June 7, 2024 Legislation & Regulation Liability Litigation Risk Management Florida

TikTok Hack Compromises CNN Account, Targets High-Profile Users

TikTok Hack Compromises CNN Account, Targets High-Profile Users

A recent TikTok hack compromised CNN's account and targeted other high-profile users, including Paris Hilton. The security breach remains under investigation, with TikTok enhancing security measures to prevent future attacks.
June 5, 2024 Insurance Industry Litigation Risk Management Technology

Delaware’s Zantac Decision: A Potential Shift in Mass Tort Litigation?

Delaware’s Zantac Decision: A Potential Shift in Mass Tort Litigation?

The Delaware Superior Court's recent decision to allow 75,000 Zantac lawsuits to proceed raises questions about whether the state will become a new hub for mass tort litigation.
June 4, 2024 Insurance Industry Legislation & Regulation Litigation Risk Management

New Jersey Man Sentenced for Leading Major No-Fault Insurance Fraud in New York

New Jersey Man Sentenced for Leading Major No-Fault Insurance Fraud in New York

Bradley Pierre has been sentenced to 10 years in prison for orchestrating a $60 million fraud targeting No-Fault automobile insurance companies, marking one of the largest such frauds in New York history.
June 4, 2024 Fraud Insurance Industry Legislation & Regulation Litigation New Jersey New York

New Jersey Court Denies Workers’ Comp Claim for Amazon Driver Injured in Workplace Shooting

New Jersey Court Denies Workers’ Comp Claim for Amazon Driver Injured in Workplace Shooting

A New Jersey court ruled that an Amazon driver's workplace shooting injury was not compensable under workers' compensation, citing the personal nature of the incident and lack of connection to employment.
June 3, 2024 Liability Litigation Risk Management Workers' Compensation New Jersey

Detroit Man Sentenced to Over Five Years for Pandemic Unemployment Fraud

Detroit Man Sentenced to Over Five Years for Pandemic Unemployment Fraud

A Detroit Man was sentenced to 63 months in prison and ordered to pay $512,000 in restitution for committing unemployment fraud during the COVID-19 pandemic.
June 3, 2024 Fraud Insurance Industry Legislation & Regulation Litigation Michigan New Jersey

Ticketmaster and Santander Data Breaches May Signal Larger Cybersecurity Threat

Ticketmaster and Santander Data Breaches May Signal Larger Cybersecurity Threat

Data breaches at Ticketmaster and Santander have been connected to attacks on cloud provider Snowflake, potentially indicating more widespread vulnerabilities that could impact other companies.
June 3, 2024 Insurance Industry Litigation Technology

Worker Awarded Compensation for Double Amputation Sustained While Assisting Accident Victim

Worker Awarded Compensation for Double Amputation Sustained While Assisting Accident Victim

A West Virginia appellate court ruled that a worker injured while assisting an accident victim during a work-related trip is entitled to workers' compensation benefits, overturning previous decisions.
May 31, 2024 Insurance Industry Liability Litigation Workers' Compensation Pennsylvania West Virginia

Clinic Owner and Associates Charged in Insurance Fraud Scheme

Clinic Owner and Associates Charged in Insurance Fraud Scheme

Authorities in Miami-Dade County charge six individuals with orchestrating a staged crash insurance fraud scheme following an undercover operation in the Miami area.
May 31, 2024 Fraud Insurance Industry Legislation & Regulation Litigation Florida

Navigating the Crossroads of Workers’ Compensation and Employment Law

Navigating the Crossroads of Workers’ Compensation and Employment Law

Navigating the complex intersection of workers' compensation and employment law can be challenging for employers. Learn how proactive legal strategies can help avoid costly pitfalls.
May 31, 2024 Litigation Risk Management Workers' Compensation

Trio Pleads Guilty to Wire Fraud in Home Improvement Store Scheme

Trio Pleads Guilty to Wire Fraud in Home Improvement Store Scheme

Donovan Young, Aaron Young, and James Hoffman face up to 20 years in federal prison for their involvement in a wire fraud conspiracy defrauding home improvement stores.
May 31, 2024 Fraud Legislation & Regulation Litigation Property South Carolina
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